Hupp Motor Car Corp - Automotive Stock Certificate
Inv# AS1030 Stock
Common Stock. Neatly hole cancelled. Beautiful vignette by Republic Bank Note Co., Pa. Excellent Condition. Very Rare! Hupmobile was an automobile built from 1909 through 1939 by the Hupp Motor Car Company of Detroit. The prototype was developed in 1908. In 1909, Bobby Hupp co-founded Hupp Motor Car Company, with Charles Hastings, formerly of Oldsmobile, who put up the first US$8,500 toward manufacturing Hupp's car. They were joined by investors J. Walter Drake, Joseph Drake, John Baker, and Edwin Denby. Drake was elected president; Hupp was vice president and general manager. Emil Nelson, formerly of Oldsmobile and Packard, joined the company as chief engineer. Hastings was named assistant general manager. In late 1909 Bobby's brother, Louis Gorham Hupp left his job with the Michigan Central Railroad in Grand Rapids and joined the company. Read more at https://en.wikipedia.org/wiki/Hupmobile
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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